Campbell & CO Investment Adviser LLC bought a new stake in Robert Half Inc. (NYSE:RHI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,192 shares of the business services provider's stock, valued at approximately $1,974,000.
Several other hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC purchased a new position in shares of Robert Half during the 4th quarter valued at about $35,000. Orion Capital Management LLC purchased a new position in shares of Robert Half in the 4th quarter valued at about $41,000. CX Institutional acquired a new stake in Robert Half in the 1st quarter worth about $33,000. Manchester Capital Management LLC boosted its holdings in Robert Half by 45.0% in the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after buying an additional 256 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after buying an additional 650 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RHI has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.83.
Read Our Latest Stock Report on RHI
Robert Half Price Performance
Shares of RHI stock traded up $0.84 during trading on Friday, hitting $37.37. 1,377,834 shares of the stock traded hands, compared to its average volume of 1,715,789. The firm has a market capitalization of $3.80 billion, a P/E ratio of 21.35 and a beta of 1.02. The firm's fifty day moving average price is $39.04 and its 200-day moving average price is $46.14. Robert Half Inc. has a 52-week low of $33.18 and a 52-week high of $78.41.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.3%. Robert Half's payout ratio is presently 134.86%.
About Robert Half
(
Free Report)
Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.
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